HappyNest: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HappyNest
Largest movements
- Tangible fixed assets +€13.5m
up €13.5m (+44.2%), from €30.6m to €44.1m
of which Land and buildings: +€13.5m
- Receivables within one year -€1.3m
down €1.3m (-87.5%), from €1.5m to €187,844
of which Other amounts receivable: -€1.5m
- Short-term financial debts +€14.0m
up €14.0m (+59.7%), from €23.5m to €37.5m
- Profit (loss) carried forward -€1.7m
down €1.7m (-79.1%), from -€2.2m to -€4.0m
- Gross operating margin +€1.0m
up €1.0m, from -€293,992 to €719,234
- Financial charges +€867,985
up €867,985 (+152.1%), from €570,495 to €1.4m
- Depreciation +€443,321
up €443,321 (+61.1%), from €725,359 to €1.2m
- Financial income +€58,335
up €58,335 (+68.7%), from €84,936 to €143,271
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,375,587 | €44,635,137 | +€12.3m | +37.9% |
| Fixed assets | 21/28 | €30,571,970 | €44,084,985 | +€13.5m | +44.2% |
| Tangible fixed assets | 22/27 | €30,571,970 | €44,084,985 | +€13.5m | +44.2% |
| Land and buildings | 22 | €30,272,256 | €43,728,033 | +€13.5m | +44.4% |
| Assets under construction and advance payments | 27 | €299,714 | €356,952 | +€57,238 | +19.1% |
| Current assets | 29/58 | €1,803,617 | €550,152 | -€1.3m | -69.5% |
| Amounts receivable within one year | 40/41 | €1,501,106 | €187,844 | -€1.3m | -87.5% |
| Trade receivables | 40 | €0 | €186,738 | +€186,738 | |
| Other amounts receivable | 41 | €1,501,106 | €1,106 | -€1.5m | -99.9% |
| Cash at bank and in hand | 54/58 | €270,997 | €362,187 | +€91,190 | +33.6% |
| Deferred charges and accrued income | 490/1 | €31,514 | €121 | -€31,393 | -99.6% |
| Total equity and liabilities | 10/49 | €32,375,587 | €44,635,137 | +€12.3m | +37.9% |
| Equity | 10/15 | €7,642,913 | €5,896,984 | -€1.7m | -22.8% |
| Contributions | 10/11 | €9,850,000 | €9,850,000 | = | 0.0% |
| Capital | 10 | €9,850,000 | €9,850,000 | = | 0.0% |
| Issued capital | 100 | €12,200,000 | €12,200,000 | = | 0.0% |
| Uncalled capital | 101 | €2,350,000 | €2,350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,207,087 | -€3,953,016 | -€1.7m | -79.1% |
| Amounts payable | 17/49 | €24,732,674 | €38,738,153 | +€14.0m | +56.6% |
| Amounts payable within one year | 42/48 | €24,366,093 | €38,440,392 | +€14.1m | +57.8% |
| Financial debts | 43 | €23,500,000 | €37,540,000 | +€14.0m | +59.7% |
| Credit institutions | 430/8 | €23,500,000 | €37,540,000 | +€14.0m | +59.7% |
| Trade debts | 44 | €858,533 | €892,832 | +€34,299 | +4.0% |
| Suppliers | 440/4 | €858,533 | €892,832 | +€34,299 | +4.0% |
| Other amounts payable | 47/48 | €7,560 | €7,560 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €366,581 | €297,761 | -€68,820 | -18.8% |
| Non-recurring operating income | 76A | €5,697 | €76,028 | +€70,331 | +1234.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725,359 | €1,168,679 | +€443,321 | +61.1% |
| Other operating charges | 640/8 | €7,417 | €1,274 | -€6,143 | -82.8% |
| Gross operating margin | 9900 | -€293,992 | €719,234 | +€1.0m | |
| Operating profit (loss) | 9901 | -€1,026,767 | -€450,720 | +€576,048 | +56.1% |
| Financial income | 75/76B | €84,936 | €143,271 | +€58,335 | +68.7% |
| Recurring financial income | 75 | €84,936 | €143,271 | +€58,335 | +68.7% |
| Financial charges | 65/66B | €570,495 | €1,438,480 | +€867,985 | +152.1% |
| Recurring financial charges | 65 | €570,495 | €1,438,480 | +€867,985 | +152.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,512,326 | -€1,745,929 | -€233,602 | -15.4% |
| Profit (loss) for the period | 9904 | -€1,512,326 | -€1,745,929 | -€233,602 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,512,326 | -€1,745,929 | -€233,602 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.